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Image : US unemployment lowest in 9 years as job creation continues

US unemployment lowest in 9 years as job creation continues

person Orange Themes access_time Dec 02,2016

The US unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month. The jobless rate fell three-tenths to 4.6 percent, with a solid 178,000

Image : Discovering underground market in Saigon

Discovering underground market in Saigon

person Orange Themes access_time Mar 15,2017

EN VietNamNet - Sense Market, a newly established shopping center and food court, has attracted lots of locals and foreign tourists.

Image : Mexican cement maker ready to help Trump build border wall

Mexican cement maker ready to help Trump build border wall

person Orange Themes access_time Nov 23,2016

By Roberto Aguilar and Noe Torres MEXICO CITY (Reuters) - A Mexican cement maker is ready to lend its services to U.S. President-elect Donald Trump to build the wall he wants to erect on the southern border of the United States to curb immigration.

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Global stocks rise as Clinton, Trump argue economic policy

access_time Oct 20,2016 chat_bubble_outline 68 views
Global stocks rise as Clinton, Trump argue economic policy

BEIJING (AP) — Global stocks mostly gained Thursday after U.S. presidential candidates Hillary Clinton and Donald Trump debated economic policy. Investors were awaiting the outcome of a European Central Bank meeting.

KEEPING SCORE: In early trading, Germany's DAX gained 0.2 percent to 10,670.60 and France's CAC-40 advanced 0.1 percent to 4,525.27. London's FTSE 100 declined 0.1 percent to 7,013.79. On Wednesday, the CAC-40 and FTSE 100 gained 0.3 percent and the DAX rose 0.1 percent. On Wall Street, the future for the Dow Jones industrial average declined 0.1 percent while that for the Standard & Poor's 500 was unchanged. On Wednesday, the Dow and S&P both added 0.2 percent while the Nasdaq composite index rose 0.1 percent.

CLINTON VS TRUMP: In their third debate, the candidates sparred over plans to spur U.S. economic growth. Trump, who has rattled markets by calling for curbs on trade and immigration, said he would hire experts, and not "political hacks," to negotiate more favorable trade deals. Clinton, seen as more favorable to trade, said she was focused on helping the middle class, while Trump's plans are geared toward the rich.

ANALYSTS' TAKE: "The presidential debate is a must watch for investors in the Asia Pacific region," said Michael McCarthy of CMC Markets in a report. "One of the six topics is the U.S. economy, and any clarification of policy in this area could influence trading today. Secondly, a clear win for either candidate is important. Markets are likely to buy Clinton and sell Trump."

EURO ZONE WATCH: Markets looked ahead to a meeting of the euro zone central bank for insight into its intentions for its 1.7 trillion euro ($1.9 trillion) bond-buying stimulus program. Most analysts think that while the European Central Bank will stick to its policies, governor Mario Draghi will leave open the possibility of extending its bond-buying program, which is meant to increase lending, growth and inflation. Analysts think the ECB will wait at least until December's meeting to make any decision.

U.S. JOBS: Investors awaited U.S. jobless data for signs of when the Federal Reserve might raise interest rates. Last week's 246,000 unemployment claims took the four-week moving average below 250,000. Rising employment would support the Fed in plans to hike interest rates that been kept near zero since the 2008 global crisis. "Wages started to rise in early 2015 and with luck will continue north in the months ahead," said DBS Bank in a report. "Not for nothing do many officials feel that policy rates should do the same."

ASIA'S DAY: Tokyo's Nikkei 225 rose 1.4 percent to 17,235.50 and Hong Kong's Hang Seng gained 0.3 percent to 23,374.40. The Shanghai Composite Index was unchanged at 3,084.46. Sydney's S&P-ASX 200 advanced 0.1 percent to 5,442.10 and India's Sensex gained 0.5 percent to 28,113.74. Seoul's Kospi also was unchanged at 2,040.60. Benchmarks in New Zealand, Singapore and Indonesia declined while Thailand advanced.

ENERGY: Benchmark U.S. crude shed 43 cents to $51.38 per barrel in electronic trading on the New York Mercantile Exchange. The contract surged $1.20 on Wednesday to close at $51.82. Brent crude, used to price international oils, fell 35 cents to $52.32 in London. It gained 99 cents the previous session to $52.67.

CURRENCY: The dollar gained to 103.67 yen from Thursday's 103.38 yen. The euro edged up to $1.0976 from $1.0973.

World - Yahoo News
Multiple dam discharges soak Vietnam's ancient town

Portions of Bach Dang Street disappeared under half a meter of water on Wednesday afternoon. Heavy rains that began Tuesday night were compounded by discharges from six upstream hydropower damns. Taken together, the two events caused the Hoai River (which abuts Bach Dang) to overflow into the town. Two foreigners stopped their bikes on a flooded street to shoot photos. The managers of one upstream hydropower dam informed town officials they would discharge water on Tuesday night. Two others… chat_bubble_outline Read More...

Prosecutors charge man in Saudi college student's death

MADISON, Wis. (AP) — Prosecutors have charged a Minnesota man in the death of a Saudi Arabian college student during a street fight in northwestern Wisconsin last year.A criminal complaint filed Thursday charged 27-year-old Cullen Osburn of Minneapolis with one count of felony murder and one count of aggravated battery in connection with UW-Stout student Hussain Alnahdi's death in October. Both counts carry a maximum sentence of six years in prison. The complaint also adds a repeat offender… chat_bubble_outline Read More...

Russia election chiefs say reports of vote fraud unproven

By Maria TsvetkovaMOSCOW (Reuters) - Russia's election chiefs said an investigation into irregularities uncovered by Reuters reporters during voting in last month's parliamentary election had found no proof of fraud.In the Sept. 18 election, the pro-Kremlin United Russia party won three-quarters of the seats in the lower house, more than it had ever held before. The result paved the way for an expected bid by President Vladimir Putin for a fourth term.Reuters reporters who monitored voting at… chat_bubble_outline Read More...

Su-30 fighter and CASA-212 rescuer: the tragedy explained

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Discover Lang Son - the multi-cultural land

Lang Son is a northern mountainous province of Vietnam, with two international border gates to China, Dong Dang and Huu Nghi, in Lang Son. There are seven ethnic groups in the provinces, including Nung, Tay, Kinh, Dao, Hoa, San Chay, and H’mong. Lang Son has a lot of potential in agriculture development, natural resources, trading, and tourism.  The province takes pride in its many natural and historical sites reflecting the diverse nature of its culture as Bac Son and Mai Pha cultural sites.… chat_bubble_outline Read More...

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